Why The Bakken Excites Me -- Hubbert: Once A Well Starts To Decline, It Won't Reverse -- June 5, 2021

Another example of what makes the Bakken so exciting for me.

This well is tracked here.

• 20111, 718, Zavanna, Wildcat 1-11H, Stony Creek, short lateral, 20 stages, 2.3 million lbs, t8/11; cum 319K 5/20; remains off line 1/21; back on line 4/21; produces small amount over five days, 3/21; cum 322K 4/21;

As noted above, this well was taken off line at the end of May, 2020. It remained off line for almost a full ten months, coming back on line for five days in March, 2021, and then for a full 30 days in April, 2021. 

A lot of mom-and-pop mineral owners would have been disappointed to see this well coming off line almost a year ago, but imagine how excited they must be to see it coming back on line. And it looks like it will be a pretty good well after it comes back on line. Recent production:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	30	2374	2145	3207	0	0	0
BAKKEN	3-2021	5	374	319	620	485	359	51
BAKKEN	2-2021	0	0	0	0	0	0	0
BAKKEN	1-2021	0	0	0	0	0	0	0
BAKKEN	12-2020	0	0	0	0	0	0	0
BAKKEN	11-2020	0	0	0	0	0	0	0
BAKKEN	10-2020	0	0	0	0	0	0	0
BAKKEN	9-2020	0	0	0	0	0	0	0
BAKKEN	8-2020	0	0	0	0	0	0	0
BAKKEN	7-2020	0	0	0	0	0	0	0
BAKKEN	6-2020	0	0	0	0	0	0	0
BAKKEN	5-2020	29	831	819	1426	1560	1114	14
BAKKEN	4-2020	30	1443	1398	1616	1683	1145	91
BAKKEN	3-2020	30	1177	1165	1630	1952	1123	382

We're Going To Get To 2035 Ten Years Early -- Thank You, China -- June 5, 2021

PTI: before we get started. Wow, am I angry! The big, big, big story in sports today -- Jon Rahm, third round, PGA, Memorial Tournament, running away with the lead, six ahead of whoever was in second place ... and then he tested positive. And had to withdraw at the end of three rounds.

No alligator tears for him. Just plain anger. Aren't sports figures supposed to be role models? Haven't they learned anything this past year? Aren't they giving PSA's encouraging Americans to get vaccinated?

It turns out the threesome in which Rahm was playing, none of the three were vaccinated. Link here. 

In case that article is edited or removed, I've copied and pasted the key paragraphs and posted them elsewhere. 

Memo to self: file under self-made idiot.

Now, back to what I was going to say. Sorry for the interruption.

One of the themes of the blog: the Covid-19 pandemic compressed 2020 - 2035 into 2020 - 2025. 

Where "we" would have been in 2035, the pandemic accelerated things and by 2025 -- maybe sooner -- we'll be there (2035), ten years early. 

I've provided examples for weeks now. Here's another.

Retailers know that some customers want to "get in, get out" to minimize exposure. And sure enough, I saw it in action today at Target.

Every other week or so I stop by Target to pick up a bag of candy to give to one of our apartment managers as a "thank you" gift for all they do to make my life wonderful here in the complex. 

Target was as busy as I've seen it. Really, really busy. The check out lines were moving fast; I had no complaints. Then "Valerie" walked up to me, saw me with a single bag of candy, and asked me if I was paying "by card." I said, "yes," and she invited me over to her "pop-up" table where I swiped my credit card through the little smart-phone-device. I said, "no receipt, no bag" and simply walked out the door. 

Target has it figured out. They're taking a page out of the Apple store. Color me impressed.  

"Get in, get out." And that mindset will continue long after Covid-19 is in our rear view mirror.

**************************************
2035 Will Be Here Ten Years Early

If you can accept that, it changes everything.

Including investing. 

I don't know if folks have been following their mutual fund investments, but my hunch is some folks have never seen their investments grow so fast. 

*****************************

Why Rigs Don't Matter -- June 5, 2021

Link here. 

CLR Is Starting To Report Production On The Simmental Federal / Angus Federal Wells -- June 5, 2021

These wells are tracked here.

CLR is just starting to produce these wells. There are way too many to post tonight. I may eventually get to them, but for newbies, this is a great example of "money in the ground." These wells have been drilled to depth for quite some time; and are now just being completed. They were spud in late 2019. 

Oil prices were very, very low all last but recently have trended toward $70 (WTI). What a great time to frack and complete these wells. 

Folks keep talking about the need for more rigs and more drilling, in fact, what many operators could use are frack spreads and completing these DUCs. 

Go to the link and look at all the wells that CLR will bring on line at the same time. And although these are not monster wells, they look like they are going to be very nice wells.

For example, some of the wells:

• 37058, conf-->drl/NC-->drl/A, CLR, Angus Federal 9-9H, Elm Tree:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	25	24812	24662	14051	40629	38772	1857
BAKKEN	3-2021	0	0	0	0	0	0	0
BAKKEN	2-2021	4	300	300	1232	737	0	737

• 37057, conf-->drl/NC-->drl/A, CLR, Angus Federal 10-9N, Elm Tree,
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	25	25920	25763	13492	40769	38907	1862
BAKKEN	3-2021	0	0	0	0	0	0	0
BAKKEN	2-2021	4	523	523	1569	666	0	666

• 37060, conf-->drl/NC-->drl/A, CLR, Angus Federal 7-9H, Elm Tree,
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	24	17177	17073	9288	34261	32691	1570
BAKKEN	3-2021	0	0	0	0	0	0	0
BAKKEN	2-2021	4	682	682	298	0	0	0

• 37059, conf-->drl/NC-->drl/A, CLR, Angus Federal 8-9H1, Elm Tree,
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	24	13814	13730	11764	21558	20574	984
BAKKEN	3-2021	0	0	0	0	0	0	0
BAKKEN	2-2021	3	161	161	242	112	0	11CLR

Wow, Wow, Wow -- We Have IPs -- The MRO L-O-T-V Wells -- June 5, 2021

This parent well shows a great halo effect:

• 18693, 560, MRO, Betty Shobe USA 41-8H, Reunion Bay, 9/10; cum 343K 3/20; off line 1/19; back on line 2/20; off line 4/20; remains off line 10/20; cum 361K 4/21; huge halo effect; see this post;

These wells are tracked here with graphics. We've been watching these wells for four months and finally we have their IPs. One word: huge.

• 36921, 4,453, MRO, Vickall USA 41-5H, 33-061-04593, Reunion Bay, first production, 10/20; Reunion Bay, t11/20; cum 192K 4/21; fracked 9/16/20 - 9/29/20; big frack, 10.4 million gallons; but again, note the "low fresh water": 65.2% (no typo) water by mass but also produced water, 18.3% water by mass; extrapolates to 69,780 bbls over 30 days:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	16	9752	9634	7174	26414	25079	673
BAKKEN	3-2021	19	18070	18150	11521	34605	33484	0
BAKKEN	2-2021	28	28996	29461	22803	60638	57841	1020
BAKKEN	1-2021	31	59335	58761	35744	96795	93262	0
BAKKEN	12-2020	28	29028	29618	21888	41010	39272	0
BAKKEN	11-2020	20	46520	45615	44504	59553	56518	271
BAKKEN	10-2020	2	0	0	889	89	1	88

• 36922, 5,055, MRO, Lang USA 41-8TFH, 33-061-04594, Reunion Bay, first production, 10/20; Reunion Bay, t10/20; cum 245K 4/21; fracked 9/16/20 - 9/28/20; moderate frack, 9.8 million gallons; but again, note the "low fresh water": 66.3% (no typo) water by mass; extrapolates to 113,832 bbls over 30 days; for the record, 26K bbls over 8 days extrapolates to 98K bbls over 30 days;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	30	15664	15373	21912	57477	51865	4490
BAKKEN	3-2021	31	23673	23631	29040	75221	73639	0
BAKKEN	2-2021	28	27922	27988	24527	62227	59251	1254
BAKKEN	1-2021	31	31653	31782	30434	47235	45363	0
BAKKEN	12-2020	30	55580	55486	51198	73570	70260	0
BAKKEN	11-2020	8	26150	26539	22025	30526	28983	0
BAKKEN	10-2020	17	64505	63607	67387	67918	44020	20158

• 36923, 4,806, MRO, Thorson USA 41-8H, 33-061-04595, Reunion Bay, first production, 10/20; Reunion Bay, t10/20; cum 226K 4/21; fracked 9/16/20 - 9/29/20; big frack, 10.5 million gallons; but again, note the "low fresh water": 66.2% (no typo) water by mass; extrapolates to 68,196 bbls over 30 days:

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	30	17679	17417	13799	38800	36655	983
BAKKEN	3-2021	31	21193	21178	15116	43861	42100	408
BAKKEN	2-2021	28	22299	22286	15465	41129	39746	0
BAKKEN	1-2021	31	33596	33770	24200	50432	48418	0
BAKKEN	12-2020	31	61950	61982	45747	78148	74423	117
BAKKEN	11-2020	21	47737	47558	40911	62267	59299	342
BAKKEN	10-2020	8	21575	21282	19147	21302	18886	1146

• 37323, 4,252, MRO, Oscar Thorson USA 41-8TFH-2B, 33-061-04659, Reunion Bay, first production, 10/20; Reunion Bay, t10/20; cum 228K 4/21; fracked 9/16/20 - 9/26/20; moderate frack, 7.5 million gallons; but again, note the "extremely low fresh water": 59.6% (no typo) water by mass; but 25.1% produced brine water by mass; 49,879 bbls over 18 days extrapolates to 83,117 bbls over 30 days;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	30	18428	18185	19882	39999	37804	986
BAKKEN	3-2021	31	24174	24228	23677	51670	49621	498
BAKKEN	2-2021	28	31160	31131	29247	56126	54199	0
BAKKEN	1-2021	31	45678	45732	43446	69958	67215	0
BAKKEN	12-2020	29	58376	57961	60894	76880	73471	0
BAKKEN	11-2020	0	0	676	0	0	0	0
BAKKEN	10-2020	18	49870	49194	71407	62907	43525	16447

The MRO A-J-2K-S pad:

• 36919, 3,212, MRO, Klemstead USA 44-5TFH, Reunion Bay, first production, 10/20, t11/20; cum 175K 4/21;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	30	29575	29593	33270	71299	67913	1528
BAKKEN	3-2021	31	32820	32673	37219	57616	55639	0
BAKKEN	2-2021	26	18695	18666	29382	27100	24814	1150
BAKKEN	1-2021	31	26124	26140	43247	37667	36108	0
BAKKEN	12-2020	30	28054	28296	48670	38494	36816	0
BAKKEN	11-2020	22	40073	39498	89638	53394	51019	0
BAKKEN	10-2020	2	0	0	308	0	0	0

• 36918, 4,547, MRO, Kolbo USA 34-5H, Reunion Bay, first production, 10/20; 18K; t10/20; cum 280K 4/21; 54K over 20 days extrapolates to 81K bbls over 30 days;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	18	18861	19189	13472	36197	33683	1362
BAKKEN	3-2021	30	41959	41953	24793	95857	93262	0
BAKKEN	2-2021	19	33762	33987	19323	47035	44861	122
BAKKEN	1-2021	31	70051	69719	42646	99144	94970	0
BAKKEN	12-2020	28	43615	43873	34374	57226	54626	0
BAKKEN	11-2020	20	54049	54102	67042	67815	64625	0
BAKKEN	10-2020	7	17778	16949	27894	17695	14901	1764

• 18692, IA/781, MRO, Jasper L USA 34-5H Reunion Bay, t11/10; cum 368K 3/20; off line 4/20; remains off line 10/20; 
  

• 36920, 4,336, MRO, Adonijah USA 44-5TFH-2B, first production, 10/20; Reunion Bay, t11/20; cum 271K 4/21; 60K over 21 days extrapolates to 86K over 30 days;
  

Pool	Date	Days	BBLS Oil	Runs	BBLS Water	MCF Prod	MCF Sold	Vent/Flare
BAKKEN	4-2021	30	31750	31799	28468	60796	57296	1559
BAKKEN	3-2021	31	37204	37232	29369	54912	52703	0
BAKKEN	2-2021	27	31676	31619	24775	55989	51547	2476
BAKKEN	1-2021	31	43625	43882	42683	63465	60860	0
BAKKEN	12-2020	31	66239	66320	71753	86498	82551	0
BAKKEN	11-2020	21	60451	59583	71360	64793	61263	0

• 18693, 560, MRO, Betty Shobe USA 41-8H, Reunion Bay, 9/10; cum 343K 3/20; off line 1/19; back on line 2/20; off line 4/20; remains off line 10/20; cum 361K 4/21; huge halo effect; see this post;
  

Federal Judge Overturns California's 32-Year Assault Weapons Ban -- June 5, 2021

Updates

June 6, 2021: the judge's decision here. The judge's biography.

Original Post

How does this not end up in the US Supreme Court? And isn't the court's agenda "set" for this next year? 

If the judges "seen" as "conservative" vote to uphold this ban, expect to see President Biden move on the Progressive agenda for the US Supreme Court.

******************************
Jim O'Neill, Baron O'Neill Of Gatley

BRICs, N-11,  and MINT. 

Link to wiki here. 

***************************
Nigeria

Link to wiki -- Nigeria. 

Kingdom of Benin.  

Benin.

Oneowrld, Barnaby Phillips, c. 2021.

Our new neighbors are Nigerian. Time to learn a bit about the "old country."

• population
• most populous country in Africa
• seventh-most populous country in the world
• largest economy in Africa:
• 27th largest in the world
• often referred to as the "Giant of Africa"
• a member of the MINT group of countries; one of the N-11; member of OPEC
• language and ethnic groups
• official language: English.
• 250 ethnic groups
• 500 distinct languages
• population:
• one-half: Muslim, to the north
• one-half: Christians, to the south
  

Lagos (not the capital): one of the largest metropolitan areas in the world; largest city in Africa.

Covid-19:

• total number of cases: well down the global list; #82
• total cases per million population: 791
• compare with:
• Sweden: 106,135
• USA: 102,691
• Israel: 90,021
• total deaths per million population: 10
• compare with:
• UK: 1,74
• US: 1,838
• France: 1,679

Frack Spread -- Primary Vision Network -- June 4, 2021

Link here. Interesting to listen to in the background.

****************************
North Face 

From a reader: oil and gas industry trolls North Face in Denver. 

*************************
Tour of the Moon

Imagine if the moon had not been there to block all these "hits."

Tell me again, there was/is no intelligent designer. Or, if there wasn't, tell me how many "human-hospitable" planets there are in the universe.

Music from the movie Rocketman (2019) is playing in the background and an image of the love of my life flashes across  my frontal lobe. Or parietal lobes. One of those lobes.

Atmospheric CO2 -- April, 2021

Previously posted, but the graphics were not included.

Link here.

One year earlier:

Pemex Piss-Poor Planning -- June 5, 2021

 Re-posting.

***********************************
Pemex: Deer Park

Updates

January 20, 2022: deal closes. Pemex owns Deer Park. 

June 5, 2021: Pemex plans for Deer Park unlikely to work. And from ArgusMedia.

Original Post

Deer Park, Houston, TX, refinery: 50-50 joint venture between Shell and Pemex.

• Recently, Mexico's president voiced discontent with partnership. Says his country not seeing any benefit. That was May 6, 2021.

• Fast forward, to May 24, 2021: Shell accepts unsolicited offer from Pemex for Deer Park. Link at World Oil. Deal:
  

• $596 million, cash and debt;
• Shell will retain its on-site chemical facility

A Perfect Storm Brewing? June 5, 2021

This was posted yesterday, June 4, 2021:

Wouldn't it be ironic if there is a perfect storm brewing? The Dems' worst nightmare.

Overnight:

• Russia's Sechin warns of oil shortage amid drive for green energy. Yes, one can say Sechin is self-serving, but exactly how is this statement self-serving?
• a middle class rebellion against progressives is gaining ground; gasoline and electricity are going to et very, very expensive in a country where energy should be very cheap; link here to a progressive "news" source;

All we need:

• a normal hurricane season;
• ransomware attack on US refiners